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Overview of Credo Brands Marketing-Mufti Menswear IPO

Credo Brands Marketing-Mufti Menswear IPO

Basic information about the company: Credo Brands Marketing Limited has established itself as a key player in the men's casual apparel sector, renowned for its flagship brand "Mufti." Commencing operations with a limited range of shirts, T-shirts, and trousers, Mufti has since undergone a strategic evolution. The brand encompasses an extensive array, encompassing sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters. This diverse product offering caters to various categories, including relaxed casual wear, authentic everyday wear, urban casual wear, party wear, and athleisure. Expansive Retail Footprint Across India As of May 31, 2023, Credo Brands operates a robust network comprising more than 1,700 retail outlets across India. This encompasses more than 350 exclusive brand stores (EBOs), 89 large format stores (LFSs), and 1,305 multi-brand stores (MBOs), thereby solidifying Mufti's presence across major metropolitan centres in Tier 3 cities. Objectives of the IPO

The IPO's primary objectives are to secure the advantages of listing Equity Shares on Stock Exchanges and conduct an Offer for Sale of up to 19,634,960 Equity Shares. Additionally, the company anticipates that the listing will enhance visibility, boost brand image, and provide liquidity to shareholders, establishing a public market for Equity Shares in India. Mufti Menswear IPO Promoter Holding

The driving force behind Credo Brands Marketing is the dynamic duo of Kamal Khushlani and Poonam Khushlani. Before the IPO, they held 66.66% of the company's shares, expected to decrease to 53.66% post-issue. Mufti Menswear IPO: Key Details

IPO Dates: 19 to 21 Dec 2023

Price Band: ₹266 to ₹280 per share

Lot Size: 53 Shares

Issue Size: 550 Crs

Retail Quota: 35%

Gmp: +35% (Only for information) 📌Link for checking Allotment status: https://linkintime.co.in/mipo/ipoallotment.html Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website. 

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